"A professional appraisal report recognized by financial institutions is very important."
There are several reasons for which it is important to use appraisals to determine the correct value of a home. For example, when you want to sell your house or when you are about to buy a house. But also for determining the value in connection with obtaining a mortgage in case of purchase or renovation.
Appraising a property at the correct value is a profession in itself. There are many factors (for example, the current market situation, immediate surroundings, zoning plans but also the architectural construction and state of maintenance) that affect the value of the home.